AppFolio (APPF) Raised to “B-” at TheStreet

AppFolio (NASDAQ:APPF) was upgraded by stock analysts at TheStreet from a “c” rating to a “b-” rating in a research note issued on Monday.

APPF has been the topic of several other research reports. BidaskClub raised shares of AppFolio from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. Zacks Investment Research raised shares of AppFolio from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Monday, April 2nd. Morgan Stanley boosted their price target on shares of AppFolio from $50.00 to $52.00 and gave the company an “equal weight” rating in a report on Tuesday, May 1st. Finally, ValuEngine raised shares of AppFolio from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $48.67.

Shares of AppFolio opened at $63.05 on Monday, Marketbeat.com reports. AppFolio has a 1 year low of $31.15 and a 1 year high of $68.50. The firm has a market cap of $2.13 billion, a P/E ratio of 225.18 and a beta of 0.69.

AppFolio (NASDAQ:APPF) last announced its earnings results on Monday, April 30th. The software maker reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.11. The business had revenue of $42.34 million for the quarter, compared to analyst estimates of $41.01 million. AppFolio had a net margin of 8.68% and a return on equity of 16.05%. AppFolio’s revenue was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 earnings per share. analysts expect that AppFolio will post 0.52 EPS for the current fiscal year.

In other AppFolio news, CFO Ida Kathleen Kane sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 2nd. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the sale, the chief financial officer now owns 5,000 shares of the company’s stock, valued at approximately $250,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William R. Rauth III sold 20,000 shares of the business’s stock in a transaction on Tuesday, April 17th. The shares were sold at an average price of $44.42, for a total transaction of $888,400.00. Following the completion of the sale, the director now directly owns 457 shares in the company, valued at approximately $20,299.94. The disclosure for this sale can be found here. Insiders sold a total of 30,000 shares of company stock worth $1,413,400 in the last three months. Insiders own 41.96% of the company’s stock.

Large investors have recently modified their holdings of the company. MetLife Investment Advisors LLC acquired a new stake in shares of AppFolio in the 4th quarter valued at $169,000. Victory Capital Management Inc. acquired a new stake in shares of AppFolio in the 1st quarter valued at $228,000. United Capital Financial Advisers LLC acquired a new stake in shares of AppFolio in the 1st quarter valued at $332,000. Rhumbline Advisers boosted its stake in shares of AppFolio by 15.9% in the 1st quarter. Rhumbline Advisers now owns 8,979 shares of the software maker’s stock valued at $367,000 after purchasing an additional 1,235 shares in the last quarter. Finally, AXA acquired a new stake in shares of AppFolio in the 4th quarter valued at $369,000. Institutional investors own 26.93% of the company’s stock.

AppFolio Company Profile

AppFolio, Inc provides industry-specific cloud-based software solutions for small and medium-sized businesses in the property management and legal industries. It offers AppFolio Property Manager, a cloud-based software solution for the real estate market that provides property managers of various sizes and tools and services designed to streamline their property management businesses, such as posting and tracking vacancies, leasing vacant properties, and accounting, as well as facilitating tenant, owner, and vendor communications.

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